Intel Co. (NASDAQ:INTC – Get Free Report) shares have received a consensus rating of Reduce from the 32 analysts currently covering the stock, reports Marketbeat Ratings. Eight research analysts have rated the stock with a sell rating, nineteen with a hold rating and five with a buy rating. The average 1-year target price from brokers who have updated their coverage of the stock over the past year is $30.66.
Several equity analysts commented on the company. Morgan Stanley raised its price target on Intel to $38.00 from $31.00 and gave the stock an equal weight rating in a research note on Friday, June 16. Mizuho raised its price target for Intel to $30.00 from $29.00 in a research report on Friday, April 28. 22nd Century Group reiterated its “Reaffirmed” rating on Intel shares in a research report on Wednesday, May 31. Truist Financial increased its price target for Intel to $32.00 from $29.00 in a research report on Friday, April 28. Finally, in a research report on Friday, April 28, Benchmark upgraded Intel to a “buy” rating from a “hold” rating and set a price target of $39.00 for the stock.
Intel price performance
NASDAQ INTC shares opened at $34.02 on Friday. The company has a market cap of $141.90 billion, a P/E of -50.03 and a beta of 0.87. The company has a quick ratio of 1.29, a current ratio of 1.76 and a debt to equity ratio of 0.49. The stock’s 50-day simple moving average is $32.28 and the 200-day simple moving average is $30.30. Intel has a 12-month low of $24.59 and a 12-month high of $40.51.
Intel (NASDAQ:INTC – Get Free Report) last reported earnings results on Thursday, April 27th. The chipmaker reported earnings per share of ($0.04) for the quarter, beating analyst consensus estimates of ($0.16) by $0.12. The company had revenue of $11.72 billion in the quarter, compared to analyst estimates of $11.13 billion. Intel returned a positive return on equity of 3.06% and a negative net margin of 5.06%. The company’s quarterly revenue declined 36.2% compared to the same quarter last year. In the same period last year, the company generated earnings per share of $0.87. As a group, equity analysts expect Intel to report fiscal year-to-date earnings per share of -0.19.
In addition, major shareholder Corp Intel sold 38,500,000 shares of the company’s shares in a transaction on Monday, June 12. The stock sold at an average price of $40.84 for a total value of $1,572,340,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission available at this hyperlink. In other news from Intel, major shareholder Corp Intel sold 38,500,000 Intel shares in one transaction on Monday, June 12th. The stock sold at an average price of $40.84 for a total transaction of $1,572,340,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible at this hyperlink. Additionally, CEO Patrick P. Gelsinger acquired 8,200 shares in a transaction on Monday, May 1st. The shares were purchased at an average price of $30.41 per share for a total value of $249,362.00. Following the purchase, the CEO now directly owns 138,265 shares of the company, valued at approximately $4,204,638.65. The disclosure for this purchase can be found here. 0.04% of the shares are currently owned by company insiders.
Institutional inflows and outflows
Major investors have recently added to or reduced their stakes in the stock. Red Tortoise LLC purchased a new $29,000 position in Intel during the fourth quarter. Venturi Wealth Management LLC bought a new $32,000 stake in Intel stock during the first quarter. Milestone Investment Advisors LLC bought a new $32,000 stake in Intel stock during Q1. Antonetti Capital Management LLC increased its stake in Intel shares by 78.5% in the fourth quarter. Antonetti Capital Management LLC now owns 1,251 shares of the $33,000 chipmaker after buying another 550 shares last quarter. Finally, Western Pacific Wealth Management LP bought a new $37,000 stake in Intel stock during the fourth quarter. Hedge funds and other institutional investors own 60.10% of the company’s shares.
Intel company profile (get a free report).
Intel Corporation designs, develops, manufactures, markets, and sells computer and related products worldwide. The Company operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services and other segments. The company offers platform products such as CPUs and chipsets, as well as system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.
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